【Announcement】On the Statement About The False Allegations Made by Staking (SKR) Team

1. Bibox published an announcement on suspending the listing of Staking (SKR) in the first phase of Bibox Orbit at 8:00 A.M. on 04/22/2019 (GMT+8). The main reason is that SKR project team failed to control the large amount of its off-site supply. After several rounds of consultations between Bibox Orbit and SKR project teams, the overflow of the market supply of SKR was still not effectively controlled. In consideration of the interests of users, Bibox decides to temporarily suspend the listing of Staking (SKR) in the first phase of Bibox Orbit.

2. After the announcement published, Staking (SKR) team spread false statements and tried to smear Bibox. As a quality digital asset exchange, Bibox has always been adhering to the principle of creating value for users and putting the interest of users in the first place to make every decision. We are very sorry for the false accusation made by SKR team, and we reserve the right to pursue legal responsibility.

3. At present, the first phase of Bibox Orbit has started to be subscribed at 10:00 A.M. today. By 12:00 P.M. today, the number of subscribers worldwide has exceeded 30,000. The projects that users can subscribe in Bibox Orbit are The Force Protocol, Ludos, X-block. Bibox has announced that the first phase of Bibox Orbit will be carried out in the form of subscription, and the subscription will end at 5:00 P.M. today. The result will be announced at 8:00 P.M. tonight.

4. In order to focus all on serving Bibox Orbit, we will not make any further response to such false information. Thank you for your understanding and support.